City Receives Audit for Fiscal Year 2014

City Receives Audit for Fiscal Year 2014

During their regularly scheduled meeting held on August 17, 2015, the Gordon City Council heard a presentation of the City’s 2014 financial audit from Miller Edwards of the Macon-based firm Mauldin & Jenkins CPA. Mr. Edwards praised city staff for their record keeping and cooperation during the course of the audit and reported that “[The City] ha[s] money in the bank and assets totaling $3.158 Million as of September 30, 2014…with liabilities of about $131,000.” He went on to report that the city has a reserve fund equivalent to about seventeen months of operating expenses.

The results of the 2014 audit show the City of Gordon in a sound financial position capable of withstanding temporary turbulence in the local economy. As mentioned, a clean audit finding would not be possible without the hard work and dedication of city staff and adequate financial policies and procedures in place and executed. In particular, the City Clerk and Deputy Clerk are recognized for their efforts related to the audit.

In accordance with the Official Code of Georgia Annotated (O.C.G.A.) Section 36-81-7(a)(1), “the governing authority of each unit of local government having a population in excess of 1,500 persons…or expenditures of $300,000 or more shall provide for and cause to be made an annual audit of the financial affairs and transactions of all funds and activities of the local government for each fiscal year of the local government.” Also in accordance with O.C.G.A. Section 6-81-7(e), the City of Gordon’s annual audit is available for inspection by the general public at city hall and will be published to the website as soon as any comments are received from the State Auditor.